Trinseo S.A. (NYSE:TSE) Short Interest Update

Trinseo S.A. (NYSE:TSE) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 608,100 shares, an increase of 14.9% from the June 30th total of 529,400 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 350,000 shares, the days-to-cover ratio is currently 1.7 days.

Shares of NYSE TSE traded up $1.21 during midday trading on Tuesday, reaching $30.75. The company’s stock had a trading volume of 8,078 shares, compared to its average volume of 414,876. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.81 and a quick ratio of 2.05. Trinseo has a fifty-two week low of $29.45 and a fifty-two week high of $82.18. The company has a market cap of $1.26 billion, a PE ratio of 4.11, a price-to-earnings-growth ratio of 0.57 and a beta of 2.02. The stock has a 50 day simple moving average of $38.22.

Trinseo (NYSE:TSE) last posted its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.63). Trinseo had a net margin of 3.25% and a return on equity of 22.44%. The business had revenue of $951.80 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $2.40 earnings per share. Trinseo’s revenue for the quarter was down 23.0% on a year-over-year basis. On average, research analysts predict that Trinseo will post 4.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.20%. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.

A number of research analysts have weighed in on TSE shares. Goldman Sachs Group lowered shares of Trinseo from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 17th. ValuEngine raised shares of Trinseo from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 12th. TheStreet lowered shares of Trinseo from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Citigroup lowered shares of Trinseo from a “buy” rating to a “neutral” rating and cut their price target for the company from $48.00 to $32.00 in a research note on Tuesday. Finally, Deutsche Bank cut their price target on shares of Trinseo from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $54.83.

In other Trinseo news, insider Catherine C. Keenan sold 5,050 shares of Trinseo stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $38.41, for a total value of $193,970.50. Following the transaction, the insider now owns 15,901 shares of the company’s stock, valued at $610,757.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Catherine C. Keenan sold 12,264 shares of Trinseo stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $38.17, for a total transaction of $468,116.88. Following the completion of the transaction, the insider now directly owns 15,901 shares in the company, valued at approximately $606,941.17. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of Trinseo by 73.4% during the 4th quarter. Amalgamated Bank now owns 6,104 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 2,584 shares in the last quarter. FMR LLC increased its stake in shares of Trinseo by 151.9% during the 4th quarter. FMR LLC now owns 678,340 shares of the basic materials company’s stock worth $31,054,000 after purchasing an additional 409,062 shares in the last quarter. Norges Bank purchased a new position in shares of Trinseo during the 4th quarter worth approximately $34,146,000. State of Alaska Department of Revenue purchased a new position in shares of Trinseo during the 1st quarter worth approximately $358,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Trinseo by 3.3% during the 1st quarter. Meeder Asset Management Inc. now owns 10,860 shares of the basic materials company’s stock worth $493,000 after purchasing an additional 351 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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